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Biotech Incubator Wants Startups

– June 23, 2014 ––

The Keystone for Incubating Innovation in Life Sciences, or KiiLN, has called for letters of intent from prospective tenants. The group is the only all-female biotech incubator in New York, founded in January by five students who met at the Center for Technology, Innovation and Entrepreneurship at the Icahn School of Medicine at Mount Sinai. KiiLN has applied for nonprofit status, which would allow it to keep costs low and pass on savings to tenants. “We see our friends and colleagues coming out of these incubator programs with money, and no place to go,” said Nicole McKnight, Postdoctoral Fellow of Neurology at the Icahn School of Medicine at Mount Sinai. The group wants to raise $3.5 million to build out its lab space, which will have a flexible layout to accommodate eight to 10 startups, she said.